Public hearing on electric vehicle tax break review ends

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The public deliberations on the mandatory review of Executive Order No. 12 has ended with the Tariff Commission saying it is still gathering more data before submitting its final report to the National Economic and Development Authority.

The shift to electric vehicles is one of the solutions that the government is implementing to decarbonize the Philippines and help weaken the effects of climate change.MANILA, Philippines – The public deliberations on the mandatory review of Executive Order No. 12 has ended with the Tariff Commission saying it is still gathering more data before submitting its final report to the National Economic and Development Authority .

A growth spurt in the electric vehicle industry is foreseen due to the ongoing talks on the revision of Executive Order No. 12, which articulated strong support for the inclusion of e-motorcycles in tax incentives. Views, opinions and position papers offered during the discussions showed that Filipino motorists have already embraced the use of e-motorcycles as their transport option even if a 30% import tariff is added to the unit price.

“This proposed coverage expansion will send a clear price signal for consumers to switch to EVs, which are more efficient and cheaper to run per kilometer, and assist in energy self-sufficiency,” Reyes said during the public hearing. EO12's revision is mandated a year after it took effect, and the Tariff Commission and the National Economic Development Agency will lead its review and public hearings before submitting their recommendations to the Office of the President.

 

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NEDA to start public hearings on review of Executive Order No. 12MANILA, Philippines: THE National Economic and Development Authority (NEDA) said it will hold public hearings to kick off the review process of Executive Order No. 12, the circular modifying the tariff rates for electric vehicles (EVs).
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